rule 316
Definitions for purposes of rules 317 to 329
Income-tax Rules, 2026Tax2026335 rules
Statutory text
Definitions for purposes of rules 317 to 329.
316. For the purposes of rules 317 to 329, the expressions-
(a) "approving authority" means the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner;
(b) "beneficiary" means a person referred to in paragraph 3(b) of Part B of Schedule XI to the Act for whom provision of gratuity is made;
(c) "fund" means a "gratuity fund"; and
(d) "trust" means the trust under which the fund is established and the expression "trustee" means a trustee thereof.
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